Highest stocks-yields divergence since Operation Twist

by Ashraf Laidi

May 19, 2014 13:29

The last time stocks had been these levels relative to yields was in summer 2013. But the last time stocks were at this level relative to yields during a rising trajectory was in spring-summer 2012 when the Fed was halfway into its operation twist. Full charts & analysis here.

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Highest stocks-yields divergence since Operation Twist - Spx Yields Ratip May 16 (Chart 1)

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